Out of 3 analysts, 1 (33.33%) are recommending GNOG as a Strong Buy, 0 (0%) are recommending GNOG as a Buy, 2 (66.67%) are recommending GNOG as a Hold, 0 (0%) are recommending GNOG as a Sell, and 0 (0%) are recommending GNOG as a Strong Sell. What is GNOG’s earnings growth forecast for 2022-2023?
Similarly Is GNOG a good stock? The financial health and growth prospects of GNOG, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Will GNOG stock go up? Stock Price Forecast
The 1 analysts offering 12-month price forecasts for Golden Nugget Online Gaming Inc have a median target of 18.83, with a high estimate of 18.83 and a low estimate of 18.83. The median estimate represents a +212.79% increase from the last price of 6.02.
Additionally, What is Golden Nugget stock symbol?
Stock Quote (U.S.: Nasdaq) | MarketWatch.
…
$ 6.91.
| Close | Chg | Chg % |
|---|---|---|
| $6.97 | -0.14 | -1.97% |
Is GNOG a buy now?
So, GNOG is a Moderate Buy.
What will happen to GNOG shareholders? If the merger is consummated, each existing GNOG Common Share will be converted into the right to receive 0.365 DKNG Class A Common Shares. Cash will be paid in lieu of fractional DKNG shares.
Should I buy Golden Nugget online gaming stock? There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should « hold » Golden Nugget Online Gaming stock.
How much is Golden Nugget? Key Data
| Label | Value |
|---|---|
| Today’s High/Low | $6.17/$5.96 |
| Share Volume | 420,333 |
| Average Volume | 842,332 |
| Previous Close | $6.11 |
Is DraftKings buying GNOG?
Under the terms of DraftKings and GNOG’s agreement, New Duke Holdco, a wholly owned subsidiary of DraftKings, will acquire (i) 100% of DraftKings, (ii) 100% of GNOG and (iii) the portion of GNOG’s operating subsidiary that is not currently owned by GNOG from Landry’s Fertitta.
What will happen to GNOG stock after merger? Under the terms of the merger agreement entered into on August 9, 2021 (the “Merger Agreement”), Golden Nugget Online Gaming stockholders would receive a fixed ratio of 0.365 shares of New DraftKings’ Class A Common Stock for each Common Share of Golden Nugget Online Gaming they hold on the record date (the “Exchange …
Who did DraftKings buy?
On November 18, 2016, DraftKings and FanDuel announced an intent to merge. The combined company would serve over 5 million users.
Who owns GNOG? Top 10 Owners of Golden Nugget Online Gaming Inc
| Stockholder | Stake | Total value ($) |
|---|---|---|
| Versor Investments LP | 15.00% | 60,064,937 |
| BlackRock Fund Advisors | 5.14% | 20,589,690 |
| Millennium Management LLC | 4.37% | 17,486,303 |
| The Vanguard Group, Inc. | 4.25% | 17,010,439 |
Is Golden Nugget a good investment?
The analyst said he viewed Golden Nugget « as a compelling investment as its 2020 performance in the nascent, competitive NJ market (revenue of $91.1 million and Ebitda of $28.9 million) provides a framework for the future. »
How many shares of GNOG are there?
Share Statistics
GNOG has 46.88 million shares outstanding. The number of shares has increased by 26.33% in one year.
Who is buying GNOG? DraftKings (NASDAQ:DKNG) announced on Aug. 9 that it will purchase Golden Nugget Online Gaming (NASDAQ:GNOG) in an all-stock transaction. Upon the closing of the deal, each GNOG shareholder will get 0.365 of a share of DKNG stock for every share of Golden Nugget they own.
Is DraftKings still buying Golden Nugget? US daily fantasy and betting giant DraftKings has entered into a definitive agreement to buy online gambling firm Golden Nugget Online Gaming (GNOG) in a deal worth approximately US$1.56 billion. The all-stock transaction is expected to close in the first quarter of 2022, subject to approval of GNOG stockholders.
What did DraftKings buy?
Near the end of October, DraftKings dropped a $22 billion bid for Entain , a deal that would have provided bricks-and-mortar betting sites in the U.K., and a foothold in online international gambling. DraftKings director and Vice Chairman Harry E. Sloan led the buying, paying $2 million on Nov.
Who is bigger FanDuel or DraftKings? FanDuel is currently slightly bigger than DraftKings in terms of its share of the overall US online gambling market. However, DraftKings is growing quickly, and the DraftKings vs FanDuel sportsbook battle should range on for years.
Who is Jessie Coffield?
She works as a reporter and host of The Sweat show at DraftKings, a digital sports entertainment and gaming company. Jessie Coffield co-hosts the DraftKings’ show with Emerson Lotzia. The reporter commenced her career as a sports journalist intern for the Washington Capitals NHL hockey team and Boston Red Sox.
Is DraftKings still buying GNOG? Details of the transaction
As part of the transaction, DraftKings will undergo a holding company reorganization and form a new holding company New DraftKings, which will become the going-forward public company for both DraftKings and GNOG. New DraftKings will be renamed DraftKings Inc. at closing (“New DraftKings”).
What happens to GNOG stock after merger?
The business started trading on the Nasdaq on 16 October 2020, meaning that it must complete a merger by 16 October 2022 or it will cease trading and redeem all of its shares.
Is Golden Nugget profitable? Revenues jumped 224 percent to $934.5 million from $288 million a year ago. The earnings report comes ahead of a planned merger slated to take Golden Nugget and his restaurant empire public later this year.
Who is buying Golden Nugget? DraftKings buys Golden Nugget Online Gaming for US$1.56bn.
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